Question – 01 What distinguishes Islamic accounting and conventional accounting? Briefly discuss the additional objectives of Islamic accounting. Answer – 01 It could be stated that both Islamic accounting as well as conventional accounting are both in the business of providing information to end customers. The main differences lie in the following factors: Objective of […]
The Term Bank is an Italian driven “banca” which is derived from German – means bench or counter, as Florentine bankers used to use the Benches as their desks with green desk cloths on it for making their activities of transactions. Bank can be defined as a financial institution or organizations permitted by financial authority […]
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Get help with your assignmentThe key element of Islamic banking is that the risks of financial transactions should be evenly divided between depositor and investor, that is between bank and client. Interest in the sense of asking a fee for merely lending money, is prohibited, as long as the lender is not running any risks themselves. Speculative contracts such […]
Islamic banking has existed for more than three decades ago. The institution has expanded to become distinct and fast growing segment of capital markets and international banking (Hassan & Lewis, 2007). More than 200 Islamic banks are on operation in over 70 countries with a majority in Muslim states and others in western countries (Hassan […]
Introduction With the start of century new development in the economic front happened and the most important was Islamic bank. Financial institution around the world saw new things emerging from Islamic bank such as Islamic socioeconomic, benefits and believes to stop interest rates and unethical activities of financial institution. Islamic bank provide new methods and […]
The financial industry has historically played an important role in the economy of every society. Banks mobilise funds from investors and apply them to investments in trade and business. The history of banking is long and varied, with the financial system as we know it today directly descending from Florentine bankers of the 14th – […]
Home is a basic necessity for human life. Everyone needs a shelter for rest, sleep, comfort and protection from sun and rain. It is a place to dwell in comfort with family. Therefore, owning a good home is an aspiration of everyone. People fulfill this need by building a home on their own, purchasing it […]
This business analysis report will help in providing an insight of the profitability, P/E Profit to earnings ratio and the recent trade performances of two established consumer retail apparel companies, Burberry which is listed in the United Kingdom (UK) and GAP Inc. which is listed in the United States of America (US). A financial analysis […]
CHAPTER 2: REVIEW OF LITERATURE 2.1 Introduction The literature review is to provide the relevant information regarding the topic through observing, identifying, and gathering from journals which revised from past researchers. In this section, the variables including financial planning budgeting, savings, investment, gaining financial knowledge, changing overspending habits, debt management, effective personal financial management, and […]
The Bank for International Settlements (BIS) is the institutional home of the Basel Committee on Banking Supervision. Headquartered in Basel, Switzerland, the organization’s mandates are to promote international monetary and financial cooperation and serve as a bank for central banks. The BIS also houses the secretariats of several committees and organizations focusing on the international […]
Every profit-oriented company faces the inevitable questions, whether to invest in long-term, short-term assets or in a project or not and which project is more profitable to invest in. These questions lead the potential investor to the necessity of investment valuation and investment comparison. Generally speaking the objectives of such valuation are to measure the […]
EasyJet is a low-fare airline which was established in 1995 by a Greek businessman Stelios Haji-Ioannou. The company has a big growth from its original bases in Lutton, from where easyjet operated only two routes to Edinburgh, and Glasgow. Nowadays it is giving its services by 171 airplanes on more over 100 destinations through all […]
Islamic financial system is a real economic activity based financial systems. It is a part of a broader Islamic economic system that deals with the questions of allocation of resources, production and change of goods and services and distribution of wealth in fair, equitable and socially beneficial ways. It is part of a consistent and […]
International Accounting includes various measures that act as an integral part of organization functioning in order to channelize all the issues related to cost and accounting so as to expand its operations internationally. There are a particular set of rules associated with this particular feature that are governed by International Accounting Standards Board (IASB). This […]
It all began for Nokia when Fredrik Idestam built a paper mill back in 1865. He built another factory near Nokianvirta River, Finland, the place whose first five words gave the company its name “Nokia”. Between the years of 1865 and 1967 Nokia was recognized as a vital industrial machine; though further expansion needed a […]
Many international banks were under funding stress due to financial crisis. Some funding strains led international banks to put greater emphasis on home office funding needs and on funding foreign credit extension in local markets. In recent year, financial services have become increasingly important. From many surveys done by (Gray & Gray, 1981) (Dunning, 1977) […]
Firstly, we need to define the word of portfolio in order to get more understanding about the portfolio theory and portfolio development. Portfolio is refers to a group of financial assets such as stocks, bonds and cash. The portfolios are mostly hold by investors according to their risk tolerance, time taken and investment objectives and/or […]
First and foremost, globalization is an enormously multifaceted fact and its area is very wide and random. It may be the interactive co-evolution of multiple technological, cultural, economic, institutional, social and environmental trends at all conceivable spatiotemporal scales. Globalization is also the system of communication among the countries of the world in order to develop […]
The Central Bank of Malaya Ordinance 1958 (CBO) established the Central Bank of Malaysia. At the same time, BNM is known as the central bank of Malaya. In September of 1963, the name was officially changed to Central bank of Malaysia. The purpose of Central Bank was set up to fulfill the need for the […]
The main objective of multinational financial management is to make financing and investment decision that add as much value as possible to the firm. The main focus of this report is on foreign exchange and the risks associated with it. The primary purpose of the foreign exchange market is to assist international trade and investment, […]
According to the Bank of International Settlements (1995), a derivative is defined as “a contract whose value depends on the price of underlying asset, but which does not require any investment of principal in those assets. As a contract between two counterparties to exchange payments based on underlying prices or yields, any transfer of ownership […]
Disadvantages to NestlA© S.A. for Applying International Trade Financial Risk NestlA© S.A. is a Swiss multinational (MNC) food and beverage company. Due to the fact that using international trade in its business, any major event occur in the financial markets will affects its liquidities or liabilities such as currency fluctuation, interest rate, derivatives, and/or hedging, […]
In this assignment let us more understanding the topic of accounting for inventories .We know got two of inventory valuation methods and two of inventory system .We also know the meaning of cost and lower of cost or market (LCM) and Net realizable value (NRV).Then ,we know real business how to use this all method […]
The article is based on the adoption of internet banking in developing countries like Thailand and also on the plans or policies which maximize the rate of adoption of internet banking. According to authors, as per the results of pervious research, it is clear that the achievement of internet banking is mainly through customer acceptance […]
Inventory carrying costs can be defined as the cost related to hold / store in the inventory. The inventory costs are considered to be the highest hidden and unknown costs in the world of business. Most of the managers consider inventory holding costs normally from 15 to 35% of the inventory value, but on the […]
Internet banking is gaining popularity in the banking industry and the regulatory community. This is due to the reflection of internet as a tool for commercial activity. This can also take place due to a strong potential that banking along with other financial services, provides an environment for the development of e-commerce. At its core, […]
The corporate dividend policy is the one of the very important issue of advance corporate finance. John Linter (1956) developed the dividend model which becomes very famous and known as Linter Partial Adjustment Model. According to the Linter each firms i has target dividend payout ratio (ri). By using the target payout ratio linter calculated […]
Internet banking system has become widely popular and used among many consumers. There is much debate as to whether internet banking system is secure. This essay argues that client, data transport and bank’s server are important players in terms of internet banking security. This essay demonstrates some vulnerability of these sections and shows successful solutions. […]
The short-run underpricing and long-run underperformance of initial public offerings (IPOs) are the best documented anomalies in finance. This paper investigates if these anomalies exist in the aftermarket performance of the IPO of an internet-based company, Lastminute.com plc. Further analyses are then carried out to explain the performance results. Evidence are presented that the company’s […]
The word "BANK" is derived from Latin word "BANKO/BANCUS" which means a bench at which the money changers used to change one kind of money into other. Adam Smith also point out another feature of earliest banks that is "to make loans to and float loans. The Bank of Venice founded in 1157, was the […]
